Director's Column

Chief Financial Officer Mark Holloway

2017-2018 Budget

McKinney Courier Gazette, May 6, 2017

Preparing for 2018

Spring marks the beginning of when the city plans and prepares the budget for Fiscal Year 2018. Each year, the City of McKinney budget is developed with the goal of providing a wide range of quality public services to our community.

Chief Financial Officer Mark Holloway

Mark Holloway
In the fall, the recommended budget will be submitted to the City Manager’s Office before eventually going to City Council for final adoption. Throughout the process, the public is invited to participate in the process by providing input and weighing in on each stage of the planning. 

Citizen Engagement is Part of the Process

In April, we began a series of citizen engagement activities starting with conducting a virtual behind the scenes tour of the Budget Department in conjunction with the #SeeMcKinneyWithMe campaign. The tour included segments of the budget review team meeting, interviews with staff members, a synopsis of how to budget for and hire a new employee, and explained the city’s capital replacement program. 

On April 18, the first public input meeting was conducted at the regular scheduled City Council meeting and attendees were asked to share what they would like to see funded in their neighborhoods and the community.

Contribute Your Priorities To the 2018 Budget

Currently, we are hosting an interactive exercise on the city’s Virtual Town Hall. Through the exercise, residents rank McKinney's budget priorities by dividing dots among different budget funds and may also leave comments as a follow-up. The exercise is available online until June 19 .

These are only a few of the several opportunities residents will have to provide input into preparation of the city’s budget.

First Five-Star Transparency City in Texas

I am proud of the time and effort our city staff puts into the budget process every year and into providing easy access for residents to access important financial information. I’m proud to announce that McKinney is the first city and government entity in the state to receive all five transparency stars from the Texas Comptroller’s program that recognizes local government entities that provide easy online access to important financial data. McKinney earned stars in the areas of Traditional Finances, Contracts and Procurement, Economic Development, Public Pensions and Debt Obligations.

In addition to pushing for greater access to a wider range of local information, the Comptroller's transparency stars program highlights government efforts to provide taxpayers with the tools necessary to better understand and analyze financial information. Therefore, information like budgets and check registers can’t just be placed online, but they must be searchable and organized in a way that allows users to perform analysis on raw budget data.  

Preparing for a Successful Future

Even with a growing city, we continue to set make strides in engaging with the community, listening to residents and set ourselves up for a stable and successful future.